Applying for OSAP - car question

[orangebubbles]

Hi everyone!

 

I started my OSAP application this afternoon and ran across an unexpected bump. Since it is well known that owning a car is considered an asset for OSAP, I was hoping to transfer my car under my father's name this month as suggested by a few peers and PM101 posters. However, OSAP asks for your assets as of May 5, 2014...thus my question: is there even a point to transfer the car to my father's name now since I would still have to declare it to OSAP given the May date?

 

It's no luxury car by any means, but it is still valued at $13K according to the Black Book...

 

Any help would be great since this is my first time filling out an application for OSAP !!